Analysts Perspectives: Hertz Global Holdings Inc (NYSE:HTZ)

Morgan Stanley dropped their price objective on shares of Hertz Global Holdings from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Friday, May 12th. Morgan Stanley now has an equal weight rating on the transportation company's stock. Analysts believe that we could see stock price minimum in the $15 range (lowest target price), allowing for another 60.77% jump from its current position.

HTZ has been the subject of a number of other reports. (NYSE:HTZ) ascend1.71% and closed at $10.69 in the last trading session with the overall traded volume of 9.23 Million shares versus to the average volume of 4145.44 shares. Finally, Millman Research Associates reiterated their buy stance on May 09, with a target price of $38.

Some buy side analysts are also providing their Analysis on Hertz Global Holdings, Inc., where 5 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 5 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Hertz Global Holdings presently has a consensus rating of "Hold" and a consensus price target of $31.63. (NYSE:HTZ) net profit margin is -7.60%. According to these analysts, the Low Revenue Estimate for Hertz Global Holdings, Inc.is 2.2 Billion and the High Revenue Estimate is 2.29 Billion. The stock's market cap is $907.43 million. With the last stock price down -6.20% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period.

Hertz Global Holdings (NYSE:HTZ) traded down 5.76% during midday trading on Thursday, reaching $9.33. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.68 earnings per share. Analysts might review their estimates as they will get closer to the actual results date. The firm has estimated EPS growth for next year stands at 261.94%. During the same quarter in the prior year, the company earned ($0.79) earnings per share. Hertz Global Holdings, Inc (NYSE:HTZ) has risen 6.00% since April 18, 2017 and is uptrending.

TRADEMARK VIOLATION NOTICE: This story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of global copyright and trademark legislation. The firm has "Neutral" rating given on Friday, August 26 by Macquarie Research.

8 analysts on average are expecting the company to report revenue of $887.03 Million for the current quarter. 9936557 shares were traded on Hertz Global Holdings, Inc's last session. Finally, Karp Capital Management Corp purchased a new stake in Hertz Global Holdings during the first quarter valued at $211,000.

ImmunoGen, Inc. (NASDAQ:IMGN) is another stock that is grabbing investors attention these days. (HTZ) is -1.61 while the analysts predicted the EPS of the stock to be -0.91 suggesting the company fell short of the analysts' expectations. Hedge funds and other institutional investors own 91.26% of the company's stock. Icahn Carl C boosted its position in Hertz Global Holdings by 126.2% in the fourth quarter. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand.

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